Aris Mining (NYSE:ARMN) Trading Up 4.8%

Aris Mining Co. (NYSE:ARMNGet Free Report)’s stock price was up 4.8% during mid-day trading on Thursday . The company traded as high as $4.16 and last traded at $4.14. Approximately 62,827 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 240,242 shares. The stock had previously closed at $3.95.

Wall Street Analysts Forecast Growth

Separately, TheStreet downgraded Aris Mining from a “c” rating to a “d+” rating in a report on Monday, March 18th.

Get Our Latest Stock Report on ARMN

Aris Mining Stock Up 5.1 %

The company has a market cap of $635.20 million and a price-to-earnings ratio of 79.00. The stock’s 50-day moving average is $4.09 and its 200-day moving average is $3.50. The company has a current ratio of 1.92, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54.

Aris Mining (NYSE:ARMNGet Free Report) last issued its earnings results on Tuesday, May 14th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). The firm had revenue of $107.62 million during the quarter. Aris Mining had a net margin of 3.06% and a return on equity of 7.64%. On average, analysts anticipate that Aris Mining Co. will post 0.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Virtu Financial LLC bought a new position in Aris Mining during the 1st quarter valued at $79,000. Quadrature Capital Ltd purchased a new stake in shares of Aris Mining in the first quarter valued at about $165,000. Herr Investment Group LLC purchased a new position in Aris Mining during the first quarter worth about $670,000. Acadian Asset Management LLC grew its position in Aris Mining by 127.9% in the 1st quarter. Acadian Asset Management LLC now owns 1,338,317 shares of the company’s stock worth $4,790,000 after purchasing an additional 751,046 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft purchased a new stake in Aris Mining in the 4th quarter valued at about $131,000. Institutional investors own 35.81% of the company’s stock.

Aris Mining Company Profile

(Get Free Report)

Aris Mining Corporation, together with its subsidiaries, engages in the acquisition, exploration, development, and operation of gold properties in Canada, Colombia, and Guyana. It also explores for silver and copper deposits. The company was formerly known as GCM Mining Corp. and changed its name to Aris Mining Corporation in September 2022.

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